Investors in the world's biggest oil companies are expected to look beyond the bumper profits the groups will announce next week on the back of higher oil prices, and seek clues on how the companies can maintain income growth as crude stabilizes.
Call for people to make penguin sweaters for those harmed by oil spills.
The New Zealand oil spill is getting worse and officials fear that the Rena cargo ship, stuck on the Astrolabe Reef, may sink into the Bay of Plenty.
BP Plc has accepted a $4 billion payment from Anadarko Petroleum toward the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that locks its main partner into its share of the blame and any future fines.
The head of Wal-Mart Stores Inc.'s China business has resigned citing personal reasons, after the world's largest retailer ran into trouble with Chinese authorities leading to store closures and employee detentions.
The New Zealand oil spill threatens to taint the nation's 100 percent Pure reputation for tourists.
New Zealand is coping with the effects of a devastating oil spill in the Bay of Plenty that is destroying beaches and wildlife along beaches near the port of Tauranga.
The oil spill from the stricken container ship has been fouling beaches and many dead seabirds lie on the shore amid thick fuel-oil.
The oil spill in New Zealand has now become the nation's worst maritime environmental disaster -- and things are getting worse instead of better.
Rob Service of MNZ said that “a significant oil slick remained” although the amount of oil that has leaked into the waters in unknown.
An announcement published on Treasure Island stated that companies responsible for 2007 San Francisco oil spill incident have agreed to pay $44.4 million as a settlement.
British oil major BP remains committed to reaching its oil production targets at Iraq's huge Rumaila field and is not renegotiating contract terms, the company's chief executive Bob Dudley said on Sunday.
Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches.
Findings of the second major investigation by the government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches.
Chinese Premier Wen Jiabao said on Wednesday that the government would strictly control new petrochemical projects around northern China's Bohai Bay, as energy giant ConocoPhillips apologized for an oil spill there.
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year's BP Macondo Well disaster, prompting concerns that the well might not be plugged as Tropical Storm Lee gathers strength.
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year’s BP Macondo Well disaster, prompting concerns that the well might not be plugged.
A ConocoPhillips subsidiary, an oil spill by which polluted 5,500 square kilometres of water in China's northern Bohai Bay, said it had already sealed off the leaks ahead of an Aug. 31 deadline.
British energy giant BP is in the news in the United States for the wrong reasons, again. A female polar bear was accidentally shot by a security guard working for BP’s security contractor Purcell in the oil-rich North Slope of Alaska on Aug.3. The animal, which belongs to a threatened species, died about a fortnight later, inviting the wrath of wildlife activists.
An oil spill by a subsidiary of ConocoPhillips has polluted 5,500 square kilometres of water in China's northern Bohai Bay, China's marine authorities and state media said on Friday, adding the company will have to pay for the spill.
China's maritime authority is preparing to sue U.S. firm ConocoPhillips over an oil spill in China's northern Bohai Bay, Chinese state news agency Xinhua reported.
New York and New Jersey politicians are demanding that any new government in Tripoli extradite to the United States a Libyan official convicted in Britain for the December 1988 bombing of a U.S.-bound airliner.
